Liam Denning, Columnist

The Saudi Aramco Oil Put Problem

Keeping prices afloat helps the IPO, but also boosts U.S. rivals.

March 24, 2017 at 12:59 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Speaking at an energy conference earlier this month, Saudi Arabia's energy minister echoed none other than Alan Greenspan:

Yet Khalid Al-Falih's warning also unintentionally emphasized another parallel with the former Federal Reserve chairman. Instead of a Greenspan put in stocks, there now appears to be a Saudi Arabian put in oil.